What a slaughter today. The market blew chunks as the heavyweights found the path of least resistance.
Gary B. Smith used to joke to his readers to sell the market whenever he made his way to New York for the Bulls & Bear show. Maybe I need to warn everyone to sell the market when I post my annual performance. Ha!
Looked at a house today. The house is a foreclosure. The house is nice but has an odd configuration. I guess, not really odd...evolved is a better word. The original house is your basic traditional style...but small. So, they added an office/playroom/bathroom onto the house and enclosed the deck. These are all nice additions...but are afterthoughts to the original house plan. As a result, the house doesn't flow as nicely as it should.
We'll probably put in a lowball offer hoping they'll come down a bit. For the right price and a little money...it could work. And hey, it would make a great rental someday.
Daily System Updates
The QQQQ (TrueRange) will have to be closed at Wednesday's market open due to the disaster stop being hit. But, then due to today's range expansion...I received 4 new QQQQ triggers at Wednesday's market open. So, the TrueRange system will be closed with a loss...but my actual QQQQ position will remain open due to the new system triggers.
The 4 new QQQQ system triggers are the Tii100Low, BBLower, ATRBreakBB, and the TrueRVolume. I've posted the backtested results on the Tii100Low and BBLower before. Here's a breakdown on the other two:
ATRBreakBB:
Win Ratio: 85.71%
Average Profit/Loss: +2.67%
Average Days Held: 6.79
TrueRVolume:
Win Ratio: 83.33%
Average Profit/Loss: +3.03%
Average Days Held: 8.38
Current Open Positions:
Please read the disclaimer on the website. This is not a recommendation to buy, sell, or trade securities. Just a journal of my travels through Wall Street. I can buy, sell, or hold any positions mentioned on this website at anytime. So, be warned.
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